Was Cash for Clunkers really a Deal?

[mcperson2k]

My girlfriend got a total of 8k taken off of her new CRV from cash for clunkers, plus some other deals the dealership gave her. Seems good to me...

[supraghost]

Originally Posted by Proven

-I guess if you compare 3rd quarter sales (with the cash for clunkers program) to the 4th quarter sales (without the cash for clunkers program) there would be a drop. End of year did the cash for clunkers raise sales? YES..

-Used car prices are up, that's because there's less of them, But its a problem that will natural fix itself every single day as cars get older becoming used and more get traded in. Do you own a car? Then its used, and now its worth more both privately and for trade in..

-The program was cash for clunkers... Not "cash for perfectly good cars"... anyone who traded in a perfectly good car is to blame... not Obama.

Whats your next argument... All the driving people did to get to the dealers caused extra pollution ='s Obama is responsible for a rise in poor air quality?

the worst part is our country is filled with people like this^^^ who are allowed to vote

[Proven]

Originally Posted by supraghost

the worst part is our country is filled with people like this^^^ who are allowed to vote

Nahh The worst part about this country is people believing what the TV and media tells them all to boost ratings, create shock, and make themselves millions. I know your smarter then that and would never fall into BS media tactics considering what your avatar is

[FocusDude]

No whats funny, is when a opposing view comes along to the present administration, you must be hating, a racist, out and out dumb, a stupid tea-bagger, or a fox loyalist...

We should all sip the same koolaid and have no intellectual discussion about a topic.

[Honest_Bob]

If you paid list price for a car its your own damn fault.

[jpalamar]

I still think it was BS program. We loaned those companies our tax money to keep them in business.... then gave them more buy giving them a cash for clunkers rebate. I say let them fail since they were mismanaged. And f' everyone who bought their car with bad fuel economy, it isn't like they didn't know when they made the purchase. I don't complain about my GTO going to the gas station every few days needing premium only.

People just need to deal with their decisions whether good or bad.

[importpower99]

Originally Posted by FocusDude

No whats funny, is when a opposing view comes along to the present administration, you must be hating, a racist, out and out dumb, a stupid tea-bagger, or a fox loyalist...

We should all sip the same koolaid and have no intellectual discussion about a topic.

No whats funny is when someone can't tell the difference between common sense and opposing views.

[importpower99]

Originally Posted by jpalamar

I still think it was BS program. We loaned those companies our tax money to keep them in business.... then gave them more buy giving them a cash for clunkers rebate. I say let them fail since they were mismanaged. And f' everyone who bought their car with bad fuel economy, it isn't like they didn't know when they made the purchase. I don't complain about my GTO going to the gas station every few days needing premium only.

People just need to deal with their decisions whether good or bad.

It wasn't so much that people bought a car with bad fuel mileage, it was more along the lines of creating some sort of incentive to purchase a better quality vehicle with better fuel economy.

And yeah, the CEO's of the auto manufacture's of this country did run the business's into the ground. But the blame game is over and we did to find a way to rebuild the industry. Remember, car sales make up 30% of retail sales in this country.

[jpalamar]

Originally Posted by importpower99

It wasn't so much that people bought a car with bad fuel mileage, it was more along the lines of creating some sort of incentive to purchase a better quality vehicle with better fuel economy.

And yeah, the CEO's of the auto manufacture's of this country did run the business's into the ground. But the blame game is over and we did to find a way to rebuild the industry. Remember, car sales make up 30% of retail sales in this country.

Better quality doens't mean a new car... There are old cars out there that good fuel economy and people could just buy them used. And if that is the case, how did many full size SUV's quality when the more fuel effecient option would be a minivan? It was BS money given out because unions hold so much pull with votes. Bottom line it was a publicity stunt that cost us money so others could buy new cars. I want a new car and I would have been happy to take advantage but my car didn't quality. It is BS to offer a program to some citizens and not all, especially when it comes out of our tax money.

[importpower99]

Originally Posted by jpalamar

Better quality doens't mean a new car... There are old cars out there that good fuel economy and people could just buy them used. And if that is the case, how did many full size SUV's quality when the more fuel effecient option would be a minivan? It was BS money given out because unions hold so much pull with votes. Bottom line it was a publicity stunt that cost us money so others could buy new cars. I want a new car and I would have been happy to take advantage but my car didn't quality. It is BS to offer a program to some citizens and not all, especially when it comes out of our tax money.

You're missing the point, the whole idea was to boost car sales. And I probably shouldn't have said quality. And if your crying discrimination because the program didn't extend to all, you actually have a point. I just don't see it that way, I just see it as a low cost way to boost car sales. However, it's no different then giving tax credits to homeowners for making their home more energy efficient.

[jpalamar]

Originally Posted by importpower99

You're missing the point, the whole idea was to boost car sales. And I probably shouldn't have said quality. And if your crying discrimination because the program didn't extend to all, you actually have a point. I just don't see it that way, I just see it as a low cost way to boost car sales. However, it's no different then giving tax credits to homeowners for making their home more energy efficient.

So it is OK for our goverment to selectivly give a boost to certain industries but not all. I think the automotive got more then their fair share with the blainout and then adding C4C was a way tp buy more votes and hand out more money with ignorant people not seeig it that way. Also giving home owners tax credits for home improvements is cool for the envirnment, but I don't you will see people who live in appartments gettign lower rent when apppartments are updated with energy efficient stuff. I think it is just bad for the goverment to give money to the economy if they aren't goign to give it to all businesses. Why should mom and pop stores close just because people in their towns lost their jobs and cut back when you have bad management at big companes that get all the help they can want then give out bonuses on profit they made with my money?

Too much discrimination with who they help.

I also don't see how it boosted the economy all that much. Maybe the auto industry gained and banks will make some money, but using cars to say you are making money isn't the way to do it as they aren't investemnts. Cars depreciate so saying you have an income of X amout is OK... but you have a risk and deprepreciation factor of X so how much equity does the bank really have?!!? If they repoed the cars and sold them they would get 10 cents on the dollar at auction, so they really have nothing unless people pay them off. With the economy as bad as it is and people still losing jobs, I see loan defaults staying high for a long time so in reality it was just bad spending again.

[HickRocket1258]

There's somebody on another forum that got screwed over with the C4C because he sold used cars everyone was getting something new. I've read articles that those people who did go with the C4C deal are going to get taxed on that money they got. It was pocket change for many states and didn't help them that much from what I've read.

[jpalamar]

^that too... we helped new cars but didn't help anyone with used car sales. Granted prices have gone up on used cars, but they aren't getting any special help with lending to customers or tax brakes, or even bailout money. AND you know why only the big guys got money... cause they hold more political power and votes then a mom and pop shop.

[importpower99]

Originally Posted by jpalamar

So it is OK for our goverment to selectivly give a boost to certain industries but not all. I think the automotive got more then their fair share with the blainout and then adding C4C was a way tp buy more votes and hand out more money with ignorant people not seeig it that way. Also giving home owners tax credits for home improvements is cool for the envirnment, but I don't you will see people who live in appartments gettign lower rent when apppartments are updated with energy efficient stuff. I think it is just bad for the goverment to give money to the economy if they aren't goign to give it to all businesses. Why should mom and pop stores close just because people in their towns lost their jobs and cut back when you have bad management at big companes that get all the help they can want then give out bonuses on profit they made with my money?
Because if they help too much, then people will say the gov't is too big, and if continue the way we are going now, then people say that the gov't doesn't do anything.So you can't please everybody. If they ignore the big corporations and help the "mom and pop shops", then the big guys will complain and say that they keep the economy going, and threaten to leave. So there is no middle ground, unless the gov't completely stays out of the financial market, which has proven disastrous in the past.

Too much discrimination with who they help.

I also don't see how it boosted the economy all that much. Maybe the auto industry gained and banks will make some money, but using cars to say you are making money isn't the way to do it as they aren't investemnts.No, the auto industry makes up 30% of U.S retail sales, which is alot. So what I am saying is that the car industry is heavily relied upon with regards to the U.S economy. Cars depreciate so saying you have an income of X amout is OK... but you have a risk and deprepreciation factor of X so how much equity does the bank really have?!!? If they repoed the cars and sold them they would get 10 cents on the dollar at auction, so they really have nothing unless people pay them off. With the economy as bad as it is and people still losing jobs, I see loan defaults staying high for a long time so in reality it was just bad spending againI'm not entirely sure where you are going with this. If your saying that C4C is just gonna increase the default rate on car installment loans then you are correct. Only because with more installment loans out you will technically have more defaults..

Yes, any income you get counts as income, as strangely as that may sound. So yes, it will get taxed. And you can't please everyone.

[FocusDude]

Originally Posted by importpower99

No whats funny is when someone can't tell the difference between common sense and opposing views.

So it must have been the common sense that caused a limit to be set on how much the new car could cost, exempting the purchase of a Tesla. A fully electric car. Or even worse the +3-4mpg to get in on the tax credit,

[FocusDude]

But it is common sense they would exempt Union workers from paying tax on what whomever deems these "Cadillac Health Plans." Being that most government workers are unionized, and all other Unions are one hell of a voting block.

[importpower99]

Originally Posted by FocusDude

So it must have been the common sense that caused a limit to be set on how much the new car could cost, exempting the purchase of a Tesla. A fully electric car. Or even worse the +3-4mpg to get in on the tax credit,

Research can be your friend! The reason why Tesla was exempt, was because of the $7500 credit you get. But I guess that doesn't matter

And since the topic is about C4C, I have no idea why you are talking about healthcare, stay on topic or don't post.

[tr4c3]

Obama killed the dinosaurs.

[gdmbat85]

It's funny how pissed some of you people are getting. Way I see it, the only **** up with the program was to offer it towards the purchase of all cars, instead of towards the purchase of american cars only. And how the hell are you people claiming that it was such a bad program and that people got screwed outta more money, and then bitch that the program wasn't offered to everyone? Weather you want to believe it or not, the auto industry is the backbone of this country. If it collapses, we WILL go into the next great depression. All the manufacturing jobs will disappear. Automotive, metal, plastic, hardware, textile - basically anything involved with the production of an automobile will suffer. That's why they get the bailout and all the support.

[z'd up]

Anyone wanna start a repo company with me to go pick up the fancy new cars people bought but can't afford to pay for?